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State of DeFi 3Q24
We cover DeFi’s resiliency in Q3, trends in the tokenization of RWAs, the future of DeFi yield and more.
Exponential Team
October 18, 2024
Hey Edge readers,
We have exciting announcements with DeFiLlama this week, including the integration of our risk ratings and a co-authored report on the state of DeFi in 3Q24. Our Degen Responsibly podcast also returns in a new video format starting with Neon EVM, which is working to bring Ethereum dApps to Solana.
In today’s edition:
State of DeFi 3Q24 Report 📈
We cover DeFi’s resiliency in Q3, trends in the tokenization of RWAs, the future of DeFi yield and more.
Exponential.fi 🤝 DeFiLlama
Our risk ratings are now live on DeFiLlama pool pages.
New #DR episode with Neon EVM 🎧
Plus: new BTC yield on Solana, Trump token sale falls short, and more.
Stay sharp. 🫡
-The Exponential team
State of DeFi 3Q24 Report
In collaboration with @DeFiLlama, we are releasing our 3Q24 State of DeFi report!
We cover DeFi’s resiliency in Q3, trends in the tokenization of RWAs, the future of DeFi yield and more.
Risk Ratings on DefiLlama
Working with @DefiLlama, we’re getting in-depth research into the hands of millions of investors.
Check them out at defillama.com/yields
(2/4)— exponential.fi (@ExponentialDeFi)
2:15 PM • Oct 17, 2024
Podcast
In the news
Solv launches new BTC yield token driven by DeFi ecosystem on Solana - Read
Trump’s World Liberty token sale falls short of high expectations - Read
Vitalik outlines Ethereum’s roadmap to scaling beyond 100,000 TPS - Read
Base now offers the largest DeFi ecosystem by TVL at over $2.5 billion, overtaking Arbitrum - Read
Trending
Introducing $kBTC – an ERC-20 token fully backed 1:1 by Bitcoin, held securely by Kraken and always verifiable onchain.
More possibilities.
More functionality.
More transparency.Let’s take a closer look ⤵️
— Kraken Pro (@krakenpro)
12:22 PM • Oct 17, 2024
So Vitalik's blog today like, kills the whole debate about L1 not needing to retain users and apps, right?
"It'll just aggregate proofs bro"
"Build your app on L2 - Mainnet is not your home"I've written extensively about points 1 and 3 already. Links below.
— BREAD (@0xBreadguy)
2:20 AM • Oct 17, 2024
🚨 @RDNTCapital has been exploited on Arbitrum/BSC for at least $50M in USDC, ETH, and BNB
The attacker gained control of a 3/11 multisig, which allowed them to upgrade to a malicious contract. This enabled them to drain the pool and any addresses with approved assets.
We rated… x.com/i/web/status/1…
— exponential.fi (@ExponentialDeFi)
9:54 PM • Oct 16, 2024
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